UK property prices rise for second consecutive month

Property in the UK enjoyed its biggest increase in asking prices since May 2010 this month, the latest figures have found.

According to statistics compiled and released by the Find a Property website, prices climbed by 0.5 per cent over the course of the month.

The news may be of interest to individuals looking at UK property , with the rise suggesting that there are now opportunities to make a return on real estate within the country.

The price increase is the second month in a row that the housing market has seen a return to positive growth, following an increase of 0.3 per cent in February, the real estate portal said.

Nigel Lewis, property analyst at the firm, noted that it has been a year since asking prices rise for consecutive months.

"The unpredictable nature of the housing market means that it’s impossible to predict how prices will behave throughout the rest of 2011, but this month’s figures do indicate that consumer confidence is still present," he added.

Article by +Danny Bance on behalf of Propertyshowrooms.com